The herd sours on unprofitable unicorns again

David Friend Contributor David Friend is the CEO of cloud storage company Wasabi, and co-founder of cyber security company Carbonite, recently bought for $1.4 billion. Wasabi is his sixth startup. There has been a mountain of press lately about how investors are souring on unprofitable unicorns. We’ve seen this movie before; for a while, it’s […]

Lyft deploys 200 long-range EVs for its rideshare rental fleet in Colorado

Lyft is making 200 new long-range EVs available to rideshare drivers as part of its Express Drive program, the company revealed today. Express Drive is a program that Lyft offers to provide rental cars to drivers on its platform as an alternative to options like long-term leasing. Express Drive members get unlimited miles, as well […]

Airbnb’s WeWork problem

Airbnb may be another overvalued “unicorn,” but it’s no WeWork. The Information this morning reported new Airbnb financials — indicating a massive increase in operating losses — that immediately call Airbnb’s future into question. Precisely, Airbnb lost $306 million on operations on $839 million in revenue, namely as a result of marketing spend, in the […]

The Station: A new self-driving car startup, Inside Tesla’s V10 software, Lilium’s big round

If you haven’t heard, TechCrunch has officially launched a weekly newsletter dedicated to all the ways people and goods move from Point A to Point B — today and in the future — whether it’s by bike, bus, scooter, car, train, truck, flying car, robotaxi or rocket. Heck, maybe even via hyperloop. Earlier this year, […]

How Lime, Scoot, JUMP and Spin plan to deploy adaptive scooters

As part of San Francisco’s program to operate shared electric scooters in the city, it’s requiring providers to pilot adaptive scooters to ensure people with disabilities are not left out from this new form of transportation. Companies are expected to deploy these adaptive scooters within the first three months of the permit, which begins this […]

TC’s Greg Epstein and Kate Clark talk mental health startups and the ‘Cult of the Founder’

TechCrunch ethics columnist and its VC reporter dive into this week’s tech ethics news Greg Epstein Kate Clark 8 hours Some weeks, tech ethics is in the news. And some weeks, it IS the news. This week was one of the latter, There were so many ethically fraught news stories about technology companies over these […]

‘We are seeing volume and interest in Peloton explode,’ says company president on listing day

This morning, Peloton (NASDAQ: PTON), the tech-enabled stationary bicycle and fitness content streaming company, raised $1.2 billion in its NASDAQ initial public offering. Despite dropping more than 10% in its first day of trading — ultimately closing down 11% at $25.84 per share — the IPO was a bona fide success. Peloton, once denied (over […]

Learn how to help build a sustainable gig economy at Disrupt SF

A handful of years ago, the on-demand or ‘gig’ economy was seen as an innovative system of modern work that provided workers and consumers alike with flexibility, independence, and convenience. It seems like every week, a new on-demand or labor marketplace startup would stroll through Sand Hill Road with a slick logo and a new […]

At TechCrunch Disrupt, insights into key trends in venture capital

At TechCrunch Disrupt, the original tech startup conference, venture capitalists remain amongst the premier guests. VCs are responsible for helping startups — the focus of the three-day event — get off the ground and as such, they are often the most familiar with trends in the startup ecosystem, ready to deliver insights, anecdotes and advice […]

Readying an IPO, Postmates secures $225M led by private equity firm GPI Capital

Postmates, the popular food delivery service, has raised another $225 million at a valuation of $2.4 billion, the company confirmed to TechCrunch on Thursday, ahead of an imminent initial public offering. Private equity firm GPI Capital has led the investment, first reported by Forbes, which brings Postmates’ total funding to nearly $1 billion. GPI takes […]